Kentucky Hemp Business & Legal News


Kentucky hemp farm facing $9M bill wants contract voided over coronavirus

A hemp farm in Kentucky has asked a court to nullify its contract with an Oregon processing facility, saying neither party was able to uphold its end of the agreement and that coronavirus measures in both states should trigger language making the contract moot. Third Wave Farms filed the request Friday after Oregon LLC Pure Valley […]

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USDA, hemp food producers assure public on coronavirus transmission fears

Companies making hemp-derived foodstuffs are joining federal authorities to remind folks that hemp foods are being inspected as usual and are safe to eat through the coronavirus pandemic. The U.S. Department of Agriculture sent an alert this week that no staffing changes are planned at the agency’s Food Safety and Inspection Service, or its Animal and […]

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Another Kentucky hemp company files for bankruptcy

Another Kentucky hemp producer is seeking bankruptcy protection. Atalo Holdings cited “confounding guidance” from regulators and “unforeseen market forces” in announcing the Chapter 7 filing late Friday. Atalo chairman Andrew Graves said in a statement that the company hopes to continue operating while bankruptcy proceeds. Graves called his company “an attractive opportunity for a timely new […]

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Hemp industry isn’t raising expectations with new FDA chief

The nation’s top drug regulator set a new tone for the government’s stance on CBD in his first comments about the popular hemp extract. But longtime hemp entrepreneurs say they’re not raising their expectations that changes are imminent to the way the U.S. regulates hemp extracts. The newly appointed commissioner of the U.S. Food and […]

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Hemp fiber manufacturer Sunstrand files for bankruptcy

Kentucky hemp fiber manufacturer Sunstrand has filed for bankruptcy protection in federal court. The privately held company filed for Chapter 7 bankruptcy, a type of bankruptcy sometimes called straight or liquidation bankruptcy. Based in Louisville, Sunstrand said it has between $100,001 and $500,000 in assets but owes more than $10 million. Its listed creditors include Hemp Traders, […]

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Kentucky will operate 2020 hemp program under existing rules

Kentucky plans to extend the state’s hemp pilot program for the 2020 growing season, effectively withdrawing its application to get federal approval for its regulations to grow the plant. Agriculture Commissioner Ryan Quarles said Tuesday the state will use this year to transition the hemp program from pilot research to commercial production while continuing discussions […]

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Kentucky hemp group urges state to keep old rules – for now

Kentucky hemp farmers are asking the state to hold off on attempts to win federal approval for regulating the new crop. After the U.S. Department of Agriculture (USDA) returned Kentucky’s hemp production plan with an outline of changes that must be made to ensure federal approval for the 2020 planting season, a hemp association asked […]

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Kentucky hemp producer announces layoffs after season of business challenges

A prominent Kentucky hemp company plans to lay off an unannounced number of employees. GenCanna Global, headquartered in Winchester, told Lexington TV station WKYT that market conditions in the hemp industry have led the company to “responsibly resize our staffing levels” to move the company forward. The privately held company did not say how many employees […]

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Amid financing challenges, Kentucky hemp grower lands $30 million bank loan

A Kentucky hemp producer has secured a sizable loan to help grow its business in 2020. AgTech Scientific, a privately held hemp and CBD company in Paris, Kentucky, said it has closed a $30 million business loan with Truist Financial, a Charlotte, North Carolina-based bank holding company formerly known as BB&T. “We are honored to […]

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Kentucky notches fiber first in testing hemp for bridge repair

A Kentucky bridge is the first in the nation to be repaired with hemp fibers, part of a University of Kentucky project to strengthen the state’s aging bridges. Engineering professor Issam Harik led the project, part of a larger effort to study the use of fiber-reinforced polymer composites in bridge repair and building construction. Harik used hemp […]

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Behind the scenes in a Kentucky ornamental powerhouse that converted to hemp

  The new hemp industry is attracting some powerhouse players in agriculture, and Hemp Industry Daily went behind the scenes to see how one of the most intriguing partnerships is going. AgTech Scientific, a hemp company in Paris, Kentucky, has merged with ColorPoint, formerly a large player in the ornamental horticulture industry, supplying garden centers […]

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